Discounted Cash Flow

Biomarin Pharmaceutical Inc.

BMRN · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $1.1b $-630.2m $-376.2m -56.4% $-3.80
2017 $1.3b (17.6%) $-117.0m (81.4%) $-208.0m (44.7%) -8.9% (84.2%) $-0.67 (82.4%)
2018 $1.5b (13.5%) $-77.2m (34.0%) $-124.4m (40.2%) -5.2% (41.9%) $-0.44 (34.3%)
2019 $1.7b (14.3%) $-23.8m (69.1%) $-96.8m (22.2%) -1.4% (73.0%) $-0.13 (70.5%)
2020 $1.9b (9.2%) $859.1m (3702.4%) $-28.9m (70.1%) 46.2% (3399.5%) $4.75 (3753.8%)
2021 $1.8b (-0.8%) $-64.1m (-107.5%) $209.0m (821.9%) -3.5% (-107.5%) $-0.35 (-107.4%)
2022 $2.1b (13.5%) $141.6m (320.9%) $54.9m (-73.7%) 6.8% (294.6%) $0.76 (317.1%)
2023 $2.4b (15.4%) $167.6m (18.4%) $62.6m (13.9%) 6.9% (2.6%) $0.89 (17.1%)
2024 $2.9b (18.0%) $426.9m (154.6%) $487.4m (679.0%) 15.0% (115.8%) $2.25 (152.8%)
2025 $3.2b (12.9%) $348.9m (-18.3%) $725.0m (48.7%) 10.8% (-27.6%) $1.82 (-19.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model